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Bank of Montreal becomes first Big Five bank to eliminate most online trading commissions

Summary by BizToc
Bank of Montreal BMO-T is eliminating commission fees on stocks, exchange-traded funds and options on its direct investing platform in a bid to attract younger customers as competition mounts in online trading. The bank said BMO InvestorLine will be the first direct investing brokerage owned by…

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The Globe & MailThe Globe & Mail
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BizTocBizToc
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Bank of Montreal becomes first Big Five bank to eliminate most online trading commissions

Growth in the business has been driven by younger clients – a demographic that heavily factors the cost of trading when choosing a platform

·Toronto, Canada
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The Globe & Mail broke the news in Toronto, Canada on Wednesday, September 9, 2026.
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